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China Daily (USA) - - FRONT PAGE - By CHINA DAILY

Dalian Wanda an­nounces its sec­ond $15 bil­lion theme-park and shop­ping-plaza project in a week for China.>

Dalian Wanda, the Chi­nese real es­tate and en­ter­tain­ment con­glom­er­ate headed by Wang Jian­lin, China’s rich­est man, has an­nounced its sec­ond $15 bil­lion theme-park and shop­ping-plaza project in a week for China.

Bei­jing- based Wanda an­nounced on Thurs­day that it will spend $7.3 bil­lion on a theme park in his­toric Xi’an prov­ince and an­other $7 bil­lion on 15 shop­ping malls through­out the prov­ince. Xi’an is home to the site of China’s 2,000-yearold Terra Cotta war­riors.

That an­nounce­ment came less than a week af­ter Wanda un­veiled plans to spend more than $7 bil­lion on a Wanda City theme park Hu­nan prov­ince, plus an­other $7 bil­lion on 15 shop­ping plazas through­out the prov­ince.

Wang has pledged bil­lions to build 15 Wanda City projects across China by the end of the decade.

The new theme parks are the lat­est move in his an­nounced plan to take on the Walt Dis­ney Co for dom­i­nance in China’s en­ter­tain­ment in­dus­try.

In May, Wang crit­i­cized Dis­ney’s open­ing of a new theme park in Shang­hai, say­ing,

“One tiger is no match for a pack of wolves — Shang­hai has one Dis­ney, while Wanda, across the na­tion, will open 15 to 20.”

The $5.5 bil­lion Shang­hai Dis­ney­land, which opened in June, drew 4 mil­lion vis­i­tors in its first four months, ac­cord­ing to the com­pany, which said it ex­pects it to be close to break­ing even in its first full year of op­er­a­tions.

Re­cently, Wang he has taken a softer ap­proach to Dis­ney, vis­it­ing the com­pany’s new Shang­hai Dis­ney­land re­sort.

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